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Below is a link to a CBC story about the penalty one buyer had to pay for backing out of their pre-sale agreemend on a downtown Vancouver development. Buying a pre-sale unit from a developer can be more complicated than purchasing a re-sale unit so you should not enter into such agreement without speaking to your realtor and lawyer to be sure that you understand the terms of the contract and the expectations of all parties invloved in said contract, If you would like more information about developments and/or the pre-sale process please contact Dale and I. Enjoy!
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